Tesla Accelerates Shift to Tech Company as Cybercab Nears Mass Production

In 2025, despite Toyota significantly outperforming Tesla in both vehicle sales (11.32 million units) and net profit ($31.2 billion) compared to Tesla’s 1.63 million deliveries and net profit of less than $3.8 billion, Tesla’s market capitalization has reached $1.54 trillion—roughly five times that of Toyota. This valuation reflects capital markets’ high expectations for Tesla’s future businesses in AI, robotics, and autonomous driving. Elon Musk has clearly shifted the company’s focus from “selling cars” to “providing mobility services,” planning to discontinue the Model S and Model X and redirect production toward the Optimus robot. Tesla’s first steering-wheel-free Robotaxi, the Cybercab, has already rolled off the production line and is expected to enter mass production in April this year, with a projected price below $30,000 (approximately RMB 207,000). Designed for operational efficiency, the Cybercab aims to generate profits through lifetime revenue rather than per-vehicle margins. Meanwhile, Tesla has filed a lawsuit against California’s Department of Motor Vehicles (DMV) to remove legal barriers to its autonomous driving marketing claims, paving the way for Robotaxi commercialization. Today, Tesla is aggressively transforming into an integrated technology conglomerate spanning AI, energy, and physical productivity.